The Income-tax Act, 1961 allows tax payers to challenge the orders passed by the AO after the assessment proceedings
Process of TDS payment has been changed from NSDL portal to Income Tax Portal. This article highlights the detailed process of making payment of TDS.
TDS is required to be deducted by a person for certain payments made by them. Every Assessee who has deducted TDS is required to file TDS Returns. TDS Returns are quarterly statements, which contain the information pertaining to TDS deducted and deposited. It is submitted by person who deducted TDS i.e. TDS deductor.
Filing an income tax appeal before the Income Tax Appellate Tribunal (ITAT) is a crucial step for taxpayers seeking resolution on disputed tax matters. The relevant section that governs the filing of an appeal before the ITAT is Section 253 of the Income Tax Act. Here's an overview of Section 253:
No major changes in Income Tax slab rates, including for companies.
Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.
The impact of the Ram Mandir on the Indian economy is a complex and multi-dimensional phenomenon.
The government of India has made collateral- free loan credit available to all enterprises which are registered under MSME. It means MSME can avail the benefit of bank loan without pledging its property or assets.
Finalization of accounts means checking and reconciling books of accounts whether they are as per Companies Act, GST and Income Tax provisions.
LUT application is required to be completed before 31st March of starting of the financial year or before supply for Exports and SEZ for example for FY 2024-25 need to file before 31st March, 2024.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English